DBRS Confirms Rating of AAA on Guaranteed Senior Bonds of Muskrat Falls/Labrador Transmission Assets Funding Trust and Labrador-Island Link Funding Trust, Stable Trend

DBRS has today confirmed its rating of AAA with a Stable trend on the 3.63% Series A Guaranteed Senior Bonds maturing on June 1, 2029, the 3.83% Series B Guaranteed Senior Bonds maturing on June 1, 2037, and the 3.86% Series C Guaranteed Senior Bonds maturing on December 1, 2048, of Muskrat Falls/Labrador Transmission Assets Funding Trust. DBRS has also confirmed its rating of AAA with a Stable trend on the 3.76% Series A Guaranteed Senior Bonds maturing on June 1, 2033, the 3.86% Series B Guaranteed Senior Bonds maturing on December 1, 2045, and the 3.85% Series C Guaranteed Senior Bonds maturing on December 1, 2053 of Labrador-Island Link Funding Trust. The ratings reflect the unconditional and irrevocable guarantee provided by the Government of Canada (rated AAA with a Stable trend) on the bonds.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is DBRS Criteria: Guarantees and Other Forms of Explicit Support, which can be found on our website under Methodologies.